Maldives President launches UPI payment service to boost economy

Maldives President launches UPI payment service to boost economy

Daily Current Affairs   /   Maldives President launches UPI payment service to boost economy

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Category : Business and economics Published on: October 23 2024

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  • Maldives President Mohamed Muizzu has taken "necessary steps" to introduce India's Unified Payments Interface (UPI) in the archipelago nation, slated to benefit the Maldivian economy substantially.
  • Developed by the National Payments Corporation of India (NPCI), UPI is an instant real-time payment system for facilitating inter-bank transactions through mobile phones.
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